1985-0521_TIMES MIRROR CABLE_Letter AgreementTIMES MIRROR
O, JEAN WILLIAMS
Senior Staff counsel
John R. Shaw, City Attorney
32400 Paseo Adelanto
San Juan Capistrano, California 92675
Dear Mr. Shaw:
May 2, 1985
This letter is to advise you of the following particulars
regarding the proposed transfer of the Storer Cable TV fran-
chise for the City of San Juan Capistrano ("Storer Franchise")
to a Times Mirror Cable Television, Inc. subsidiary.
As you know, Times Mirror Cable Television, Inc. pro-
poses to have the Storer Franchise transferred to its Times
Mirror Cable Television of North Little Rock, Inc. subsidiary.
The reason for this seemingly convoluted exchange is so that
both parties to the transfer may qualify for favorable tax
treatment from the Internal Revenue Service. A simple
transfer of the Storer Franchise to our Times Mirror Cable
Television of Orange County, Inc. subsidiary would not
effect such favorable tax treatment. However, you should
know that Times Mirror Cable Television of Orange County,
Inc. will be the entity which will manage and operate the
Storer Franchise.
Finally, Times Mirror Cable Television, Inc. hereby i#
waives jurisdiction under the laws of the State of Arkansas�on Iowa fel.
JkA and agrees to resolve any dispute which may arise under the
C ^ Storer Franchise in accordance with the laws of the State of
California and in a forum located therein.
Please don't hesitate to contact me if you have any
questions.
Very truly yours,
O. JEAN WILLIAMS
OJW/hmo
cc: Robert Boone
Michael Little
The City Council of the City of San Juan Capistrano hereby
approves and accepts the representations of TM as stated above
and hereby incorporate said representations as conditions
precedent to City's approval of franchise transfer.
TIMES MIRROR SQUARE
LOS ANGELES, CALIFORNIA 90053
(213) 972-3745
TIMES MIRROR
O, JEAN WILLIAMS
Senior Staff counsel
John R. Shaw, City Attorney
32400 Paseo Adelanto
San Juan Capistrano, California 92675
Dear Mr. Shaw:
May 2, 1985
This letter is to advise you of the following particulars
regarding the proposed transfer of the Storer Cable TV fran-
chise for the City of San Juan Capistrano ("Storer Franchise")
to a Times Mirror Cable Television, Inc. subsidiary.
As you know, Times Mirror Cable Television, Inc. pro-
poses to have the Storer Franchise transferred to its Times
Mirror Cable Television of North Little Rock, Inc. subsidiary.
The reason for this seemingly convoluted exchange is so that
both parties to the transfer may qualify for favorable tax
treatment from the Internal Revenue Service. A simple
transfer of the Storer Franchise to our Times Mirror Cable
Television of Orange County, Inc. subsidiary would not
effect such favorable tax treatment. However, you should
know that Times Mirror Cable Television of Orange County,
Inc. will be the entity which will manage and operate the
Storer Franchise.
Finally, Times Mirror Cable Television, Inc. hereby i#
waives jurisdiction under the laws of the State of Arkansas�on Iowa fel.
JkA and agrees to resolve any dispute which may arise under the
C ^ Storer Franchise in accordance with the laws of the State of
California and in a forum located therein.
Please don't hesitate to contact me if you have any
questions.
Very truly yours,
O. JEAN WILLIAMS
OJW/hmo
cc: Robert Boone
Michael Little
The City Council of the City of San Juan Capistrano hereby
approves and accepts the representations of TM as stated above
and hereby incorporate said representations as conditions
precedent to City's approval of franchise transfer.
E
1985
PHILLI R. SCHWARTZE, Mayo
�1 i400 AihO�pD ,p7
SAN J7;C}APiSTR �4'�CgY.1F 1 92675
rat
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`-�NtS'NI,Si�17 �
May 22, 1985
O. Jean Williams
Senior Staff Counsel
Times Mirror
Times Mirror Square
Los Angeles, CA 90053
Re: Transfer of Storer Franchise
Dear Jean:
Please find enclosed a copy of the finalized May 2, 1985
letter agreement between Times Mirror and the City re-
lating to the TM assumption of the Storer franchise.
This is for your files.
Very ruly yours,
J N R. SHAW
y Attorney
R :ef
Encl.
CC: City Clerk 1_
Bob Boone
Mike Little